The bounce is looking like a wedge, shown by blue sup/res trend lines. Gold resistance trend lines are drawn from local highs and extended left. Gold boxes show previous trend line activity. Golden horizontal line is drawn from local PA resistance level with gold boxes showing previous chop zone. The way I see it, PA either rejects from all the 3 levels of previous resistance and breaks out of wedge bearish or breaks all 3 resistance stacks and goes for weekly MA test. I consider a bull break less likely than a bear break due to the stacked resistance. If we reject, the consolidation activity around the gold trend lines will be very telling. If PA moves below the lowest gold line, weaker. If PA goes sideways to flag, stronger. Either way PA moves, the trend lines should be good guides for which play to make. Also, we're at the bottom of the previous chop zone we just spent the entire Q4 in. To enter from here is pretty unlikely. I'm leaning bearish but of course anything can happen! Enjoy the rest of your weekend brother!